Singapore legislation

Clause 20

of Monetary Authority of Singapore Bill

Clause 20

No entitlement in respect of abolition or re-organisation of office

Notwithstanding the provisions of the Pensions Ordinance, 1956 (Ord. 22 of 1956), no person who is transferred to the service of the Authority under section 18 of this Act shall be entitled to claim any benefits under this Act on the ground that he has been retired from the service of the Government on account of abolition or re-organisation of office.